ESGG vs. BITI
ESGG (FlexShares STOXX Global ESG Select Index Fund) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - ESGG is a Large Cap Growth Equities fund tracking the STOXX Global ESG Select KPIs Index, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. Both are passively managed. Over the past 3 years, ESGG returned 19.55%/yr vs -30.65%/yr for BITI. At a correlation of -0.36, they often move in opposite directions. ESGG charges 0.42%/yr vs 1.03%/yr for BITI.
Performance
ESGG vs. BITI - Performance Comparison
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Returns By Period
In the year-to-date period, ESGG achieves a 13.53% return, which is significantly lower than BITI's 28.75% return.
ESGG
- 1D
- -0.89%
- 1M
- 0.70%
- 6M
- 11.57%
- YTD
- 13.53%
- 1Y
- 24.72%
- 3Y*
- 19.55%
- 5Y*
- 11.93%
- 10Y*
- 13.86%
BITI
- 1D
- 2.65%
- 1M
- 1.46%
- 6M
- 34.68%
- YTD
- 28.75%
- 1Y
- 68.34%
- 3Y*
- -30.65%
- 5Y*
- —
- 10Y*
- —
ESGG vs. BITI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESGG FlexShares STOXX Global ESG Select Index Fund | 13.53% | 24.01% | 14.48% | 25.57% | 5.02% |
BITI ProShares Short Bitcoin ETF | 28.75% | -1.76% | -62.60% | -66.17% | 3.39% |
Correlation
The correlation between ESGG and BITI is -0.44, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | -0.36 |
The correlation between ESGG and BITI shifts across timeframes, from -0.44 (1 year) to -0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESGG vs. BITI — Risk / Return Rank
ESGG
BITI
ESGG vs. BITI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global ESG Select Index Fund (ESGG) and ProShares Short Bitcoin ETF (BITI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESGG | BITI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.72 | -0.01 |
| Martin ratioReturn relative to average drawdown | 11.53 | 6.78 | +4.75 |
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Drawdowns
ESGG vs. BITI - Drawdown Comparison
The maximum ESGG drawdown since its inception was -32.31%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for ESGG and BITI.
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Drawdown Indicators
| ESGG | BITI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -92.16% | +59.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.16% | -25.28% | +16.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -84.63% | +67.92% |
Max Drawdown (5Y)Largest decline over 5 years | -27.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | — | — |
Current DrawdownCurrent decline from peak | -1.52% | -85.94% | +84.42% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -68.34% | +63.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 10.11% | -7.96% |
Volatility
ESGG vs. BITI - Volatility Comparison
The current volatility for FlexShares STOXX Global ESG Select Index Fund (ESGG) is 4.24%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that ESGG experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGG | BITI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 11.38% | -7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 34.25% | -23.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 44.14% | -31.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 52.28% | -36.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 52.28% | -35.77% |
ESGG vs. BITI - Expense Ratio Comparison
ESGG has a 0.42% expense ratio, which is lower than BITI's 1.03% expense ratio.
Dividends
ESGG vs. BITI - Dividend Comparison
ESGG's dividend yield for the trailing twelve months is around 1.30%, less than BITI's 15.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BITI ProShares Short Bitcoin ETF | 15.10% | 1.60% | 3.91% | 3.33% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESGG FlexShares STOXX Global ESG Select Index Fund | 1.30% | 1.39% | 1.84% | 1.73% | 1.83% | 1.34% | 1.36% | 1.94% | 2.12% | 1.71% | 0.87% |
Frequently Asked Questions
ESGG and BITI have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITI has higher volatility (11.38%) compared to ESGG (4.24%). In terms of maximum drawdown, ESGG dropped -32.31% vs BITI's -92.16%.
On 3-year performance, ESGG leads with 19.55% vs -30.65% for BITI. On fees, ESGG is cheaper at 0.42% per year. On volatility, ESGG has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ESGG has performed better with a 19.55% return vs -30.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESGG is cheaper with a 0.42% expense ratio, compared with 1.03% for BITI.
BITI has the higher dividend yield at 15.10%, compared with 1.30% for ESGG.
ESGG is categorized as Large Cap Growth Equities, while BITI is Cryptocurrency. ESGG tracks STOXX Global ESG Select KPIs Index, while BITI tracks Bloomberg Bitcoin Index. They also come from different issuers: Northern Trust and ProShares. Their fees differ too: 0.42% for ESGG and 1.03% for BITI.
ESGG currently has the higher Sharpe Ratio (1.93 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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